Lundberg Survey: Retail Gas Falls 23 Cents

CAMARILLO, Calif. – Retail gas prices plunged an average of 23 cents nationwide in the past two weeks, marking a return to pre-Hurricane Katrina (search) levels, according to a survey.

The weighted average price for all three grades declined to $2.45 a gallon on Friday, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey (search) of 7,000 gas stations around the country.